LAKESHORE PARK CONSERVANCY

EIN: 621648241 501(c)(3) Recreation & Sports

KNOXVILLE, TN

Total Revenue
$6,366,555
Total Expenses
$35,091,147
Total Assets
$17,139,754
Net Assets
$17,004,165
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
TN
Principal Officer
RICHARD I ZIVI JR
Phone
8655841184
Tax Period
2024-07-01 to 2025-06-30

LAKESHORE PARK CONSERVANCY, founded in 1996, is a community nonprofit in the Recreation & Sports sector that reported $6.4M in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $35.1M exceeded revenue, resulting in a 451% operating deficit.

Mission

DEVELOPMENT, CONSTRUCTION, AND OPERATION OF PARK, INCLUDING CONSTRUCTION OF FACILITIES IN ACCORDANCE WITH THE CORPORATION'S COMMUNITY OBJECTIVE OF PROVIDING PUBLIC RECREATION FACILITIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $6,044,880
Program Service Revenue $0
Investment Income $31,972
Other Revenue $289,703
TOTAL REVENUE $6,366,555

Expense Breakdown

Grants Paid $34,389,875
Salaries & Benefits $423,017
Fundraising Expenses $0
Program Expenses $34,931,068
Other Expenses $278,255
TOTAL EXPENSES $35,091,147

Year-over-Year Comparison

2024 2023 Change
Revenue $6,366,555 $16,208,242 -0.6%
Expenses $35,091,147 $1,945,735 +17.0%
Net Income $-28,724,592 $14,262,507 -3.0%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
10
Volunteers
30

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSAN B HASLAM CHAIRMAN & P N/A
Officer Director
$0 $0 $0
CHARLES ANDERSON JR VICE PRESIDE N/A
Officer Director
$0 $0 $0
L CAESAR STAIRIII VICE PRESIDE N/A
Officer Director
$0 $0 $0
THOMAS N MCADAMS SECRETARY/TR N/A
Officer Director
$0 $0 $0
JAMES A HASLAMIII DIRECTOR N/A
Director
$0 $0 $0
JOE ARMSTRONG DIRECTOR N/A
Director
$0 $0 $0
MARGARET RITCHIE DIRECTOR N/A
Director
$0 $0 $0
INDYA KINCANNON DIRECTOR N/A
Director
$0 $0 $0
JULIEANNE FOY EXECUTIVE DI 40.00
Highest
$122,884 $0 $122,884
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $6,366,555 $35,091,147 $17,139,754 $-28,724,592
2024 $16,208,242 $1,945,735 $48,661,049 $14,262,507
2023 $13,454,519 $356,441 $34,544,110 $13,098,078
2022 $6,010,930 $5,806,345 $19,542,630 $204,585
2021 $11,135,342 $247,786 $18,438,448 $10,887,556
2020 $361,035 $256,995 $7,406,449 $104,040
2018 $797,915 $222,546 $19,942,994 $575,369
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